- Nationalised Banks
- Annamalai and Ramaswami
- Chennai, India
- India and worldwide
- Rs. 2119.88 billion (US$32 billion) (2012)
• Indian Bank Branches in Alphabetical OrderA | B | C | D | E | F | G | H | I | J | K | L | M | N | P | R | S | T | U | V | W | Y
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Indian Bank is a government-owned banking and financial company with its headquarter at Chennai. The bank has more than 2100 branches and 22,000 employees. It is one of the large state-owned banks in India. The Indian Bank has branches outside India as well. These branches are located in Colombo and Jaffna (Sri Lanka) and Singapore. It also has 240 Overseas Correspondent banks in 70 countries. The bank has implemented Core Banking Solution (CBS) in all 2134 branches.
Indian Bank was founded by Annamalai and Ramaswami Chettiar on 5 March 1907, and it started operations on 15th August 1907. In the year 1969, the Government of India nationalised Indian Bank, along with thirteen other banks. In 1990, Indian Bank acquired the Bank of Tanjore (established in 1901), with its 157 branches.
The bank has 97 Forex Authorised branches inclusive of 1 Specialised Overseas Branch at Chennai exclusively for handling forex transactions arising out of Export, Import, Remittances and Non Resident Indian business. It also has 73 Special SME Branches extending finance exclusively to SSI units. Indian Bank has also signed an MOU with National Small Industries Corporation (NSIC) to focus on MSME Segment.